Milan bourse rises, spread falls, Conte smiles. Italy doesn’t

Financial markets smiles for once after the Rome-Brussels agreement over Italy-Has-No-Future-But_We-Are-So-Happy budget for 2019. On Dec. 19th Milan bourse closed 1,59% up with the FTSE-Mib index rising to 18,941 points. The spread between Italy’s 10-year BTP bond and the German Bund closed on 253 basis points, lower from Tuesday’s closing value of 269.